Mizuho Analyst Initiates Coverage on GE Vernova with Bullish Outlook

Mizuho's Maheep Mandloi initiated their coverage on Ge Vernova (NYSE: GEV) with a Strong Buy rating and a $154 price target. Mandloi, a Wall Street analyst specializing in the Technology and Consumer Cyclical sectors, among others, provided a comprehensive analysis of GE Vernova's strengths and growth potential. The analyst highlighted the company's leadership in the gas power business, which generates recurring and increasing cash flow, as well as its margin expansion in wind due to pricing power. Furthermore, Mandloi pointed out that GE Vernova's unprofitable offshore backlog is set to end by 2026, contributing to its positive outlook. Additionally, the analyst expressed confidence in the company's strong presence in grid services and electrification. The projected 10% adjusted EBITDA margin by the end of 2026, earlier than management's current guidance of 2028, further supports the bullish rating.

The analyst's optimistic view on GE Vernova is shared by the broader analyst community, as 100% of top-rated analysts currently rate the stock as either a Strong Buy or Buy. This unanimous sentiment underscores the confidence in the company's future prospects. Notably, no analysts consider GE Vernova a Hold, and there are no recommendations to sell the stock. Such consensus among analysts further strengthens the positive outlook for GE Vernova.

While Mandloi's rating and price target provide valuable insights for investors, it is essential to consider the analyst's track record and expertise. WallStreetZen ranks Maheep Mandloi in the bottom 3% out of 4,548 Wall Street analysts. The analyst's average return of -18.7% and a 26% win rate indicate a challenging performance history. It is worth noting that past performance does not guarantee future results, and investors should conduct thorough research before making investment decisions.

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